SGB Update Footwear
Adidas To Initiate €4 Billion Share Buyback Program
The Executive Board of Adidas has launched a multi-year share buyback program. Starting in January 2022, the company plans to buy back shares in an amount of up to €4 billion until 2025.
Retail Trade Groups Applaud Congressional Ban On Goods From Xinjiang
Retail Trade Groups, including American Apparel & Footwear Association (AAFA) and National Retail Federation (NRF), issued a joint statement cheering Congressional passage of the Uyghur Forced Labor Prevention Act, H.R. 6256, which bans the import of goods from areas of China allegedly using forced labor.
Skechers Expands Senior Unsecured Credit Facility Up To $1 Billion
Skechers USA Inc. announced that it has expanded its senior, unsecured credit facility to $750 million, which retains a $250 million accordion feature.
REI To Open Store In Glenwood Springs
REI Co-op will open a new store in Glenwood Springs, CO in summer 2022.
Scheels Secures Naming Rights For Legacy Sports Complex
Scheels has secured the naming rights for the multi-use sports facility that is under development in the vicinity of its store in the Legacy Pointe Town Center in Springfield, IL.
CriticalPoint Capital Completes Sale Of JackRabbit To Fleet Feet
Affiliates of CriticalPoint Capital, LLC announced the closing of the sale of JackRabbit to Fleet Feet.
November Retail Sales Put Holiday Season On Track To Set New Records
Retail sales continued to grow in November, putting the 2021 holiday season on the home stretch for record spending despite inflation, supply chain disruptions and COVID-19, the National Retail Federation said.
Reebok Secures India Licensee
Aditya Birla Fashion and Retail Ltd (ABFRL) has signed a long-term licensing agreement with Authentic Brands Group (ABG) to distribute and sell Reebok products in India and other ASEAN (Southeast Asian) countries.
Dick’s SG To Close Store In Williamsburg, VA
Dick’s Sporting Goods is closing its store at the Marquis Shopping Center in Williamsburg, VA on January 2, according to a report from wydaily.com.
LIV Golf Investments Adds SVP, Global Head Of Partnerships And Head Of Strategy
LIV Golf Investments, led by retired professional golfer Greg Norman, announced that it has appointed Monica Fee and Lily Kenny as senior vice president, global head of partnerships and head of strategy, respectively.
Signa Sports United Goes Public On New York Stock Exchange
Signa Sports United (SSU), the Berlin-based sports e-commerce and technology platform, completed its previously announced business combination with Yucaipa Acquisition Corporation. The combined company will operate as Signa Sports United and its common stock will begin trading under the symbol “SSU” on the NYSE.
Genesco Signs U.S. License For Etonic Footwear
Genesco Inc. has signed a new three-year licensing agreement with heritage-running brand Etonic to be its exclusive U.S. and Canadian footwear licensee.
Nike Signs First NIL Student-Athlete Deal
Nike has made its first name, image and likeness (NIL) deal with a college athlete, signing UCLA women’s soccer player Reilyn Turner.
Nike Puts Global Media Account Under Review
Nike is reportedly conducting a full review of its media accounts, according to Advertising Age. The company has not run a global media review of this scale in more than a decade.
USA Cycling Announces New Chief Marketing Officer
USA Cycling announced that Erika Lehman will take on the chief marketing officer role in the Colorado Springs office. She comes off a growth-focused leadership role at US Figure Skating.
